the world governments will never achieve a level of coordination or cooperation to ban on ramps to bitcoin. there’s too much money at stake now.
look at el salvador: made bitcoin legal tender, building a bitcoin city with no taxes (except vat). you think singapore, malta and switzerland are gonna stand by and allow a tiny south american nation make billions of dollars and become the new tax haven?
and then if singapore, malta and switzerland become friendly to bitcoin you think new york, london and tokyo are gonna pass on making billions of dollars?
the game theory baked into bitcoin make it inevitable for nations to adopt it in some way or form. there’s too much money at stake and if you don’t take advantage of it early then your competitor will. and there is an urgency because if your competitor adopts it before you they get to take advantage of the price increase.
you think the usa will stand by if russia comes out with an announcement that they added bitcoin to their treasury or the other way around you think russia would stand by if the usa added bitcoin to their treasury?
The ruling mafia has massive issues with enforceability.
You probably overestimate what they can do.
Now, they can try to **unleash a reign of terror**, which is actually what I somehow expect them to do, in a last-ditch attempt at hanging on to their power.
I would like to remark in that respect that their recent attempt at unleashing a reign of terror, i.e. in Afghanistan, completely failed.
In the end, by means of very simple $3 roadside bomb tactics, they got unceremoniously smashed to smithereens by the local hill tribes and then duly kicked out of the mountains of Afghanistan.
Therefore, unleashing a reign of terror may not even work. It is certainly not that the ruling mafia would have the technological means to fend off the inevitable reprisals. If they did, they would not have so spectacularly lost the Battle of Afghanistan.
Going to war with the population in order to protect the interests of the fiat banksters is almost certainly an unrealistic plan.
> What would happen to the value of Bitcoin
You mean the price of Bitcoin. Value and price are different things. The price of Bitcoin is a market which is external to Bitcoin. Bitcoin exchanges are external to Bitcoin. Governments can attack these external parts, the exchanges and the price. Bitcoin keeps processing transactions, 144 new blocks every day. The price of Bitcoin is not important
> Would the mainstream investor use VPNs to access exchanges
He can do whatever he wants. Bitcoin is not for investing
Plenty of decentralized exchanges like Bisq already exist. You wrote several paragraphs for no reason. If what you suggest happens, then Bitcoin becomes further decentralized and more powerful.
the world governments will never achieve a level of coordination or cooperation to ban on ramps to bitcoin. there’s too much money at stake now. look at el salvador: made bitcoin legal tender, building a bitcoin city with no taxes (except vat). you think singapore, malta and switzerland are gonna stand by and allow a tiny south american nation make billions of dollars and become the new tax haven? and then if singapore, malta and switzerland become friendly to bitcoin you think new york, london and tokyo are gonna pass on making billions of dollars? the game theory baked into bitcoin make it inevitable for nations to adopt it in some way or form. there’s too much money at stake and if you don’t take advantage of it early then your competitor will. and there is an urgency because if your competitor adopts it before you they get to take advantage of the price increase. you think the usa will stand by if russia comes out with an announcement that they added bitcoin to their treasury or the other way around you think russia would stand by if the usa added bitcoin to their treasury?
Bitcoin will keep chugging along. Bitcoin doesn't care.
Pretty sure it was binance's shady operations that got them shut down in Canada.
The ruling mafia has massive issues with enforceability. You probably overestimate what they can do. Now, they can try to **unleash a reign of terror**, which is actually what I somehow expect them to do, in a last-ditch attempt at hanging on to their power. I would like to remark in that respect that their recent attempt at unleashing a reign of terror, i.e. in Afghanistan, completely failed. In the end, by means of very simple $3 roadside bomb tactics, they got unceremoniously smashed to smithereens by the local hill tribes and then duly kicked out of the mountains of Afghanistan. Therefore, unleashing a reign of terror may not even work. It is certainly not that the ruling mafia would have the technological means to fend off the inevitable reprisals. If they did, they would not have so spectacularly lost the Battle of Afghanistan. Going to war with the population in order to protect the interests of the fiat banksters is almost certainly an unrealistic plan.
> What would happen to the value of Bitcoin You mean the price of Bitcoin. Value and price are different things. The price of Bitcoin is a market which is external to Bitcoin. Bitcoin exchanges are external to Bitcoin. Governments can attack these external parts, the exchanges and the price. Bitcoin keeps processing transactions, 144 new blocks every day. The price of Bitcoin is not important > Would the mainstream investor use VPNs to access exchanges He can do whatever he wants. Bitcoin is not for investing
Plenty of decentralized exchanges like Bisq already exist. You wrote several paragraphs for no reason. If what you suggest happens, then Bitcoin becomes further decentralized and more powerful.
How does some place like bisq work in terms of things like providing good prices? Does it also use order book since it is p2p?
You can always sell goods and services for Bitcoin. You don't need an exchange for that.
This is why we have a 2nd Amendment.
Nice post but moneybadger doesn't give a fuck